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Finder Awards 2020 Best Owner Occupier Home Loan – 3 Year Fixed

This fixed rate home loan lets you lock in a low interest, it offers a 100% offset account and a 10% deposit. With the option to make extra repayments this loan is competitive and flexible.

Finalists:

Methodology: Best Owner Occupier Home Loan - 3 Year Fixed

Here's how our expert analysts assessed the Best Owner Occupier Home Loan - 3 Year Fixed category to pick the 2020 winner.

Selection and scoring

Products were selected from the broader market that met these criteria:

80% loan-to-value ratio available
Principal and interest, 3 year fixed
Interest rate between 2% and 5%

Scores were awarded out of 10 for each product metric, based on how each metric compares to the other products in a given category.

Scores for each metric were then weighted:

Interest rate: 80%
Total fees: 10% including application fees, service fees, settlement fees, valuation fees, legal fees, exit fees
Offset account: 10%

Tiebreakers were ranked by the lowest interest rate in Q4.

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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